WEACX vs. BWBIX

Last updated Jul 14, 2026

WEACX (Allspring Spectrum Aggressive Growth Fund) and BWBIX (Baron WealthBuilder Fund) are both Diversified Portfolio funds. Over the past 5 years, WEACX returned 9.08%/yr vs 4.14%/yr for BWBIX. Their correlation of 0.85 suggests significant overlap in exposure. WEACX charges 1.50%/yr vs 0.05%/yr for BWBIX.

Performance

WEACX vs. BWBIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Allspring Spectrum Aggressive Growth Fund (WEACX) and Baron WealthBuilder Fund (BWBIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, WEACX achieves a 12.45% return, which is significantly higher than BWBIX's 4.93% return.

WEACX

• 1D: 0.28%
• 1M: 1.22%
• 6M: 8.85%
• YTD: 12.45%
• 1Y: 23.38%
• 3Y*: 18.14%
• 5Y*: 9.08%
• 10Y*: —

BWBIX

• 1D: -0.52%
• 1M: 1.43%
• 6M: 2.85%
• YTD: 4.93%
• 1Y: 13.21%
• 3Y*: 13.24%
• 5Y*: 4.14%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

WEACX vs. BWBIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
WEACX Allspring Spectrum Aggressive Growth Fund	12.45%	20.01%	15.43%	18.33%	-19.88%	19.02%	22.18%	23.49%	-10.89%
BWBIX Baron WealthBuilder Fund	4.93%	10.23%	19.62%	25.77%	-32.58%	14.76%	62.85%	36.41%	-12.02%

Correlation

The correlation between WEACX and BWBIX is 0.73, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.73
Correlation (3Y) Calculated over the trailing 3-year period	0.84
Correlation (5Y) Calculated over the trailing 5-year period	0.87
Correlation (All Time) Calculated using the full available price history since May 21, 2018	0.85

The correlation between WEACX and BWBIX shifts across timeframes, from 0.73 (1 year) to 0.87 (5 years), reflecting how their relationship changes across market environments.

Return for Risk

WEACX vs. BWBIX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

WEACX

WEACX Risk / Return Rank: 54
WEACX Sharpe Ratio Rank: 49
WEACX Sortino Ratio Rank: 45
WEACX Omega Ratio Rank: 47
WEACX Calmar Ratio Rank: 67
WEACX Martin Ratio Rank: 61

BWBIX

BWBIX Risk / Return Rank: 17
BWBIX Sharpe Ratio Rank: 16
BWBIX Sortino Ratio Rank: 18
BWBIX Omega Ratio Rank: 16
BWBIX Calmar Ratio Rank: 18
BWBIX Martin Ratio Rank: 20

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

WEACX vs. BWBIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Allspring Spectrum Aggressive Growth Fund (WEACX) and Baron WealthBuilder Fund (BWBIX). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	WEACX	BWBIX	Difference
Sharpe ratio: Return per unit of total volatility	1.57	0.82	+0.75
Sortino ratio: Return per unit of downside risk	2.16	1.33	+0.83
Omega ratio: Gain probability vs. loss probability	1.28	1.16	+0.12
Calmar ratio: Return relative to maximum drawdown	2.51	1.12	+1.39
Martin ratio: Return relative to average drawdown	9.31	3.59	+5.71

WEACX vs. BWBIX - Sharpe Ratio Comparison

The current WEACX Sharpe Ratio is 1.57, which is higher than the BWBIX Sharpe Ratio of 0.82. The chart below compares the historical Sharpe Ratios of WEACX and BWBIX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

WEACX vs. BWBIX - Drawdown Comparison

The maximum WEACX drawdown since its inception was -27.06%, smaller than the maximum BWBIX drawdown of -39.14%. Use the drawdown chart below to compare losses from any high point for WEACX and BWBIX.

Drawdown Indicators

	WEACX	BWBIX	Difference
Max Drawdown Largest peak-to-trough decline	-27.06%	-39.14%	+12.08%
Max Drawdown (1Y) Largest decline over 1 year	-9.03%	-11.65%	+2.62%
Max Drawdown (3Y) Largest decline over 3 years	-14.62%	-21.59%	+6.97%
Max Drawdown (5Y) Largest decline over 5 years	-27.06%	-39.14%	+12.08%
Current Drawdown Current decline from peak	-1.31%	-2.02%	+0.71%
Average Drawdown Average peak-to-trough decline	-5.73%	-11.60%	+5.87%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.43%	3.61%	-1.18%

Volatility

WEACX vs. BWBIX - Volatility Comparison

The current volatility for Allspring Spectrum Aggressive Growth Fund (WEACX) is 5.47%, while Baron WealthBuilder Fund (BWBIX) has a volatility of 6.83%. This indicates that WEACX experiences smaller price fluctuations and is considered to be less risky than BWBIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	WEACX	BWBIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.47%	6.83%	-1.36%
Volatility (6M) Calculated over the trailing 6-month period	11.56%	12.03%	-0.47%
Volatility (1Y) Calculated over the trailing 1-year period	14.41%	15.82%	-1.41%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.34%	21.29%	-5.95%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.94%	23.14%	-8.20%

WEACX vs. BWBIX - Expense Ratio Comparison

WEACX has a 1.50% expense ratio, which is higher than BWBIX's 0.05% expense ratio.

Dividends

WEACX vs. BWBIX - Dividend Comparison

WEACX's dividend yield for the trailing twelve months is around 10.89%, more than BWBIX's 7.25% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
BWBIX Baron WealthBuilder Fund	7.25%	7.61%	0.77%	0.06%	3.21%	3.75%	1.24%	3.51%	0.14%	0.00%
WEACX Allspring Spectrum Aggressive Growth Fund	10.89%	12.24%	7.24%	0.00%	4.56%	14.17%	11.86%	0.43%	20.98%	17.50%

Frequently Asked Questions

Can I hold both WEACX and BWBIX in my portfolio?

WEACX and BWBIX have a correlation of 0.73, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, WEACX or BWBIX?

BWBIX has higher volatility (6.83%) compared to WEACX (5.47%). In terms of maximum drawdown, WEACX dropped -27.06% vs BWBIX's -39.14%.

Which has better risk-adjusted returns?

WEACX currently has the higher Sharpe Ratio (1.57 vs 0.82), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.